PT BAYAN RESOURCES Tbk. DAN ENTITAS ANAK/AND SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN/ CONSOLIDATED FINANCIAL STATEMENTS

(1)

31 DESEMBER 2020 DAN 2019/

31 DECEMBER 2020 AND 2019

(2)

(3)

(4)

(5)

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

Catatan/

Notes 2020 2019

ASET ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 4 383,810,000 174,489,542 Cash and cash equivalents

Kas dan setara kas yang Restricted cash and

dibatasi penggunaannya, cash equivalents,

bagian lancar 5 10,455,079 238,110 current portion

Piutang usaha 6 Trade receivables

- pihak ketiga 146,530,852 100,841,855 third parties -

- pihak berelasi 6,980,396 8,596,762 related parties -

Piutang non-usaha Non-trade receivables

- pihak ketiga 7 8,273,186 6,048,224 third parties -

Piutang derivatif 19a - 288,040 Derivative receivables

Persediaan 8 87,796,454 209,527,382 Inventory

Pajak dibayar di muka,

bagian lancar 9a 115,528,327 4,884,494 Prepaid taxes, current portion

Uang muka dan Advances and

biaya dibayar di muka, prepaid expenses,

bagian lancar 10 6,576,979 10,722,003 current portion

Aset lancar lainnya 3,323,731 3,938,804 Other current assets

JUMLAH ASET LANCAR 769,275,004 519,575,216 TOTAL CURRENT ASSETS

ASET TIDAK LANCAR NON-CURRENT ASSETS

Kas dan setara kas yang Restricted cash and

dibatasi penggunaannya, cash equivalents,

bagian tidak lancar 5 12,222,508 6,969,451 non-current portion

Piutang non-usaha Non-trade receivables

- pihak berelasi 7 42,728 53,812 related parties -

Uang muka dan Advances and

biaya dibayar di muka, prepaid expenses,

bagian tidak lancar 10 30,872,089 14,458,328 non-current portion

Pajak dibayar di muka, Prepaid taxes,

bagian tidak lancar 9a 46,356,021 156,198,581 non-current portion

Aset tetap 11 326,707,725 330,906,389 Fixed assets

Aset hak-guna 14 6,664,563 - Right-of-use assets

Aset eksplorasi dan evaluasi 12 - - Exploration and evaluation assets Aset pajak tangguhan 9d 34,213,197 22,349,762 Deferred tax assets Properti pertambangan 13 387,427,778 219,731,135 Mining properties Aset tidak lancar lainnya 5,943,409 7,797,449 Other non-current assets

JUMLAH ASET TIDAK LANCAR 850,450,018 758,464,907 TOTAL NON-CURRENT ASSETS

JUMLAH ASET 1,619,725,022 1,278,040,123 TOTAL ASSETS

(6)

Notes 2020 2019

LIABILITAS LIABILITIES

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang usaha 15 Trade payables

- pihak ketiga 57,840,229 95,315,167 third parties -

- pihak berelasi 5,133,308 16,693,561 related parties -

Utang pajak 9b Taxes payable

- pajak penghasilan 18,425,231 1,863,780 corporate income tax -

- pajak lain-lain 18,494,910 29,840,339 other taxes -

Utang derivatif, jangka pendek 19b 26,476,980 4,822,662 Derivative payables, current portion Liabilitas sewa, jangka pendek 31e 1,552,901 - Lease liabilities, current portion

Akrual 16 97,336,665 57,830,931 Accruals

Pinjaman bank jangka pendek 17 - 363,611,574 Short-term bank loans

Liabilitas kontrak Contract liabilities

Utang lain-lain Other payables

JUMLAH LIABILITAS JANGKA

PENDEK 236,695,460 580,937,083 TOTAL CURRENT LIABILITIES

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Senior Notes 18 394,743,190 - Senior Notes

Liabilitas imbalan kerja Long-term employee

jangka panjang 20 12,582,558 10,324,945 benefit liabilities

Derivative payables,

Utang derivatif, jangka panjang 19b 14,082,300 - non-current portion Liabilitas pajak tangguhan 9e 74,661,331 52,335,335 Deferred tax liabilities Liabilitas sewa, jangka panjang 31e 5,257,491 - Lease liabilities, non-current portion

Provisi untuk pembongkaran, Provision for decommissioning,

pemindahan, reklamasi dan demobilisation, reclamation

restorasi 21 20,148,918 15,362,597 and restoration

JUMLAH LIABILITAS JANGKA TOTAL NON-CURRENT

PANJANG 521,475,788 78,022,877 LIABILITIES

JUMLAH LIABILITAS 758,171,248 658,959,960 TOTAL LIABILITIES

(7)

Catatan/

Notes 2020 2019

EKUITAS EQUITY

Ekuitas yang diatribusikan Equity attributable

kepada pemilik entitas to the owners of

induk the parent entity

Modal saham: Share capital:

Modal dasar - 12.000.000.000 lembar authorised - 12,000,000,000

saham; ditempatkan dan disetor shares; issued and fully paid -

penuh - 3.333.333.500 lembar 3,333,333,500 shares

saham dengan nilai nominal at par value of Rp100

Rp100 per lembar saham 22a 35,685,809 35,685,809 per share

Tambahan modal disetor 22b 200,202,189 200,202,189 Additional paid in capital

Modal donasi 48,466 48,466 Donated capital

Komponen ekuitas lainnya 1,886,148 1,886,148 Other equity component Cadangan lindung nilai arus kas 19b (28,643,394) (3,092,147) Cash flow hedging reserve

Cadangan lain-lain 37 (106,274,977) (106,274,977) Other reserve

Saldo laba: Retained earnings:

- Dicadangkan 23 8,176,536 8,176,536 Appropriated -

- Tidak dicadangkan 720,360,894 458,976,638 Unappropriated -

831,441,671 595,608,662

Kepentingan nonpengendali 37 30,112,103 23,471,501 Non-controlling interests

JUMLAH EKUITAS 861,553,774 619,080,163 TOTAL EQUITY

JUMLAH LIABILITAS DAN TOTAL LIABILITIES AND

EKUITAS 1,619,725,022 1,278,040,123 EQUITY

(8)

Pendapatan 24 1,395,113,268 1,391,589,834 Revenue

Beban pokok pendapatan 25 (932,247,494) (902,228,295) Cost of revenue

Laba bruto 462,865,774 489,361,539 Gross profit

Beban penjualan 26 (146,718,408) (146,327,516) Selling expenses

General and administrative

Beban umum dan administrasi 27 (31,073,459) (26,492,082) expenses

Beban keuangan 17,18,31e (35,954,679) (9,554,528) Finance expense

Pemulihan penurunan nilai Reversal of impairment of

properti pertambangan, bersih 13 165,864,761 - mining properties, net

Penghasilan keuangan 4,960,646 4,978,885 Finance income

Pendapatan/(beban) lain-lain, neto 28 6,691,012 (340,928) Other income/(expense), net Laba sebelum pajak 426,635,647 311,625,370 Profit before tax Beban pajak penghasilan 9c (82,175,777) (77,414,093) Income tax expense Laba tahun berjalan 344,459,870 234,211,277 Profit for the year (Rugi)/penghasilan komprehensif Other comprehensive (loss)/

lain tahun berjalan: income for the year:

Pos yang tidak akan direklasifikasi Items that will not be reclassified

ke laba rugi: to profit or loss:

Pengukuran kembali liabilitas Remeasurements of

imbalan kerja 20 (854,706) 78,017 employee benefit liabilities

Pajak penghasilan terkait 9c 166,765 32,615 Related income tax

(687,941) 110,632

Pos yang akan direklasifikasi Items that will be reclassified

ke laba rugi: to profit or loss:

Perubahan nilai wajar Changes in fair value of

lindung nilai arus kas 19 (32,599,437) 30,568,481 cash flow hedges Pajak penghasilan terkait 9c 7,048,190 (7,642,120) Related income tax

(25,551,247) 22,926,361

(Rugi)/penghasilan komprehensif lain, Other comprehensive (loss)/

setelah pajak (26,239,188) 23,036,993 income, net of tax

Jumlah penghasilan komprehensif Total comprehensive income

tahun berjalan 318,220,682 257,248,270 for the year

Laba tahun berjalan yang Profit for the year

dapat diatribusikan kepada: attributable to:

Pemilik entitas induk 328,738,867 223,394,384 Owners of the parent entity Kepentingan nonpengendali 37 15,721,003 10,816,893 Non-controlling interests Laba tahun berjalan 344,459,870 234,211,277 Profit for the year Jumlah penghasilan komprehensif Total comprehensive income

yang dapat diatribusikan kepada: attributable to:

Pemilik entitas induk 302,499,679 246,431,377 Owners of the parent entity Kepentingan nonpengendali 37 15,721,003 10,816,893 Non-controlling interests Jumlah penghasilan komprehensif 318,220,682 257,248,270 Total comprehensive income

Laba bersih per lembar saham

yang dapat diatribusikan kepada Earnings per share attributable

pemilik entitas induk to owners of the parent entity

- Dasar dan dilusian 29 0.10 0.07 Basic and diluted -

(9)

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

Yang dapat diatribusikan kepada pemilik entitas induk/Attributable to the owners of the parent entity Komponen

ekuitas lainnya/

Other equity component Selisih nilai transaksi atas

penambahan modal anak perusahaan/

Difference in value from

transactions Cadangan

Tambahan involving lindung nilai

Modal modal disetor/ Modal subscription arus kas/ Cadangan Saldo laba/Retained earnings Kepentingan Jumlah saham/ Additional donasi/ of additional Cash flow lain-lain/ Tidak nonpengendali/ ekuitas/

Catatan/ Share paid in Donated shares in hedging Other Dicadangkan/ dicadangkan/ Jumlah/ Non-controlling Total Notes capital capital capital subsidiaries reserve reserve Appropriated Unappropriated Total interests equity

Balance at

Saldo 1 Januari 2020 35,685,809 200,202,189 48,466 1,886,148 (3,092,147) (106,274,977) 8,176,536 458,976,638 595,608,662 23,471,501 619,080,163 1 January 2020

Laba tahun berjalan - - - - - - - 328,738,867 328,738,867 15,721,003 344,459,870 Profit for the year

Dividen yang dideklarasikan Dividends declared

dan dibayarkan 23 - - - - - - - (66,666,670) (66,666,670) - (66,666,670) and paid

Other comprehensive

(Rugi)/penghasilan komprehensif (loss)/income for

lain tahun berjalan: the year:

Remeasurement of

Pengukuran kembali employee benefits

cadangan imbalan kerja 20 - - - - - - - (854,706) (854,706) - (854,706) reserve

Related income tax

Pajak penghasilan terkait on remeasurement

pengukuran kembali of employee benefits

cadangan imbalan kerja 9c - - - - - - - 166,765 166,765 - 166,765 reserve

Cadangan lindung nilai Cash flow hedging

arus kas 19 - - - - (32,599,437) - - - (32,599,437) - (32,599,437) reserve

Pajak penghasilan terkait Related income tax on

cadangan lindung nilai cash flow hedging

arus kas 9c - - - - 7,048,190 - - - 7,048,190 - 7,048,190 reserve

Transaksi dengan kepentingan Transaction with

nonpengendali: non-controlling interest: Related income tax on

dan dibayarkan 37 - - - - - - - - - (9,080,401) (9,080,401) and paid

Balance at

Saldo 31 Desember 2020 35,685,809 200,202,189 48,466 1,886,148 (28,643,394) (106,274,977) 8,176,536 720,360,894 831,441,671 30,112,103 861,553,774 31 December 2020

(10)

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

Selisih nilai transaksi atas

penambahan modal anak perusahaan/

Difference in value from

transactions Cadangan

Tambahan involving lindung nilai

Modal modal disetor/ Modal subscription arus kas/ Cadangan Saldo laba/Retained earnings Kepentingan Jumlah saham/ Additional donasi/ of additional Cash flow lain-lain/ Tidak nonpengendali/ ekuitas/

Catatan/ Share paid in Donated shares in hedging Other Dicadangkan/ dicadangkan/ Jumlah/ Non-controlling Total Notes capital capital capital subsidiaries reserve reserve Appropriated Unappropriated Total interests equity

Balance at

Saldo 1 Januari 2019 35,685,809 200,202,189 48,466 1,886,148 (26,018,508) (106,274,977) 8,176,536 535,471,637 649,177,300 28,893,034 678,070,334 1 January 2019

Laba tahun berjalan - - - - - - - 223,394,384 223,394,384 10,816,893 234,211,277 Profit for the year

dan dibayarkan 23 - - - - - - - (300,000,015) (300,000,015) - (300,000,015) and paid

Other comprehensive

Penghasilan/(rugi) komprehensif income/(loss) for

lain tahun berjalan: the year:

Remeasurement of

Pengukuran kembali employee benefits

cadangan imbalan kerja 20 - - - - - - - 78,017 78,017 - 78,017 reserve

Related income tax

Pajak penghasilan terkait on remeasurement

pengukuran kembali of employee benefits

cadangan imbalan kerja 9c - - - - - - - 32,615 32,615 - 32,615 reserve

Cadangan lindung nilai Cash flow hedging

arus kas 19 - - - - 30,568,481 - - - 30,568,481 - 30,568,481 reserve

Pajak penghasilan terkait Related income tax on

cadangan lindung nilai cash flow hedging

arus kas 9c - - - - (7,642,120) - - - (7,642,120) - (7,642,120) reserve

Transaksi dengan kepentingan Transaction with TrtR

nonpengendali: non-controlling interest:

dan dibayarkan 37 - - - - - - - - - (16,238,426) (16,238,426) and paid

Balance at

Saldo 31 Desember 2019 35,685,809 200,202,189 48,466 1,886,148 (3,092,147) (106,274,977) 8,176,536 458,976,638 595,608,662 23,471,501 619,080,163 31 December 2019

(11)

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

2020 2019

Arus kas dari aktivitas operasi: Cash flow from operating activities:

Penerimaan dari pelanggan 1,349,906,256 1,386,804,138 Receipts from customers Pembayaran kepada pemasok (839,647,743) (1,013,122,329) Payments to suppliers Pembayaran kepada direktur dan karyawan (50,420,384) (48,601,357) Payments to directors and employees Pembayaran beban keuangan (17,430,509) (8,321,629) Payments of finance expenses

Pembayaran royalti (57,073,518) (88,138,215) Payment of royalties

Pembayaran pajak penghasilan (60,318,105) (212,759,611) Payment of income taxes Penerimaan pengembalian pajak 36,481,698 34,488,264 Receipt of tax refunds

Pembayaran lain-lain, neto (522,694) (872,591) Other payments, net

Kas bersih yang diperoleh dari Net cash generated from

aktivitas operasi 360,975,001 49,476,670 operating activities

Arus kas dari aktivitas investasi: Cash flow from investing activities:

Pembelian aset tetap (87,682,310) (59,471,665) Acquisitions of fixed assets

Pembayaran atas penambahan Payments for additions to

properti pertambangan (2,607,204) (3,672,700) mining properties

Hasil penjualan aset tetap 204,252 2,937,295 Proceeds from sales of fixed assets

Penerimaan uang muka dari Advance receipt from

penjualan aset tetap - 7,305,222 sales of fixed assets

Penerimaan penghasilan keuangan 4,960,646 4,978,885 Receipts of finance income (Penempatan)/penerimaan dalam

kas dan setara kas yang dibatasi (Placement)/receipt of restricted

penggunaannya (15,470,026) 25,439,229 cash and cash equivalents

Kas bersih yang digunakan Net cash used in

untuk aktivitas investasi (100,594,642) (22,483,734) investing activities

Arus kas dari aktivitas pendanaan: Cash flow from financing activities:

Perolehan kas dari penerbitan Senior Notes 400,000,000 - Proceeds from Senior Notes issuance

Perolehan kas dari pinjaman Proceeds from

bank jangka pendek - 305,000,000 short-term bank loans

Pembayaran kembali atas pinjaman (365,000,000) (70,000,000) Repayment of borrowings

Pembayaran liabilitas sewa (2,387,346) - Payment of lease liabilities

Pembayaran biaya perolehan pinjaman (7,692,893) (1,120,000) Payment of debt issuance cost

Pembayaran dividen kepada Dividends paid to the owners

pemilik Perusahaan induk (66,666,670) (300,000,015) of the parent Company

Pembayaran dividen kepada Dividends paid to non-controlling

nonpengendali (9,080,401) (16,238,426) interests

Kas bersih yang digunakan Net cash used in

untuk aktivitas pendanaan (50,827,310) (82,358,441) financing activities

Kenaikan/(penurunan) bersih Net increase/(decrease) in

kas dan setara kas 209,553,049 (55,365,505) cash and cash equivalents

Cash and cash equivalents at

Kas dan setara kas awal tahun 174,489,542 229,184,053 the beginning of the year

Dampak perubahan selisih kurs Exchange rate differences on cash

terhadap kas dan setara kas (232,591) 670,994 and cash equivalents

Cash and cash equivalents at

Kas dan setara kas akhir tahun 383,810,000 174,489,542 the end of the year

(12)

pada tanggal 7 Oktober 2004, berdasarkan Akta Notaris No. 12 tanggal 7 Oktober 2004 yang dibuat di hadapan Yani Indrawaty Wibawa, S.H., notaris di Jakarta. Akta Notaris tersebut mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. C-30690 HT.01.01.TH.2004 tanggal 21 Desember 2004.

established on 7 October 2004 based on Notarial Deed No. 12 dated 7 October 2004 of Yani Indrawaty Wibawa, S.H., notary in Jakarta. The Notarial Deed was approved by the Minister of Law and Human Rights of the Republic of Indonesia by the Decree No. C-30690 HT.01.01.TH.2004 dated 21 December 2004.

Akta Perusahaan yang berisi anggaran dasar Perusahaan telah mengalami beberapa kali perubahan. Perubahan terakhir berdasarkan Akta Notaris No. 105 tanggal 26 Agustus 2020 yang dibuat dihadapan Mala Mukti, S.H., notaris di Jakarta.

The Company’s Notarial Deed contains the articles of association of the Company having been amended several times, most recently based on Notarial Deed No. 105 dated 26 August 2020 of Mala Mukti, S.H., notary in Jakarta.

Akta Notaris tersebut telah diberitahukan kepada Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan diterbitkannya Surat Penerimaan Pemberitahuan Data Perseroan No. AHU-AH.01.03- 0383015 tanggal 7 September 2020.

The Minister of Law and Human Rights of the Republic of Indonesia has been notified of the above Notarial Deed as evidenced by Receipt of Notification Letter No. AHU-AH.01.03-0383015 dated 7 September 2020.

Pada tanggal 12 Agustus 2008, Perusahaan melakukan Penawaran Umum Perdana (“IPO”) sebanyak 833.333.500 lembar saham biasa yang terdiri dari 500.000.000 lembar saham biasa atas nama milik Pemegang Saham Penjual (saham divestasi) dan 333.500.000 lembar saham biasa yang baru ditempatkan (Saham Baru). Penawaran saham kepada masyarakat tersebut dicatat di Bursa Efek Indonesia pada tanggal 12 Agustus 2008.

On 12 August 2008, the Company conducted an Initial Public Offering (“IPO”) of 833,333,500 ordinary shares consisting of 500,000,000 ordinary shares on behalf of the Seller Shareholders (divestment shares) and 333,500,000 newly issued ordinary shares (New Shares). The shares offered to the public in the IPO were listed on the Indonesia Stock Exchange on 12 August 2008.

Aktivitas utama Perusahaan adalah perdagangan dan jasa. Perusahaan memulai operasi komersialnya pada Januari 2005.

The principal activity of the Company is trading and services. The Company commenced its commercial operations in January 2005.

Kantor pusat Perusahaan berlokasi di Gedung Office 8, lantai 37, SCBD Lot 28, Jalan Jenderal Sudirman Kav. 52-53, Jakarta. Perusahaan didirikan dan berdomisili di Indonesia.

The Company’s head office is located at Office 8 Building, 37^th floor, SCBD Lot 28, Jalan Jenderal Sudirman, Kav. 52-53, Jakarta. The Company is incorporated and domiciled in Indonesia.

Perusahaan memiliki 589 karyawan pada tanggal 31 Desember 2020 (2019: 593 karyawan) (tidak diaudit).

The Company had 589 employees as at 31 December 2020 (2019: 593 employees) (unaudited).

Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 31 Desember 2020 adalah sebagai berikut:

The composition of the Company’s Boards of Commissioners and Directors as at 31 December 2020 were as follows:

Komisaris Utama : Purnomo Yusgiantoro : President Commissioner

Komisaris : Michael Sumarijanto : Commissioners

Lifransyah Gumay

Komisaris Independen : Rozik B. Soetjipto : Independent Commissioners Harry Suharsono R.^*)

Direktur Utama : Dato’ Dr. Low Tuck Kwong : President Director

Direktur : Lim Chai Hock : Directors

Jenny Quantero Low Yi Ngo Alastair McLeod Russell John Neil Hyun Kook Kim

*) meninggal dunia pada bulan November 2020 *) passed away in November 2020

(13)

1. UMUM (lanjutan) 1. GENERAL (continued) Susunan Dewan Komisaris dan Direksi Perusahaan

pada tanggal 31 Desember 2019 adalah sebagai berikut:

The composition of the Company’s Boards of Commissioners and Directors as at 31 December 2019 were as follows:

Komisaris Utama : Purnomo Yusgiantoro : President Commissioner

Komisaris : Michael Sumarijanto : Commissioners

Lifransyah Gumay

Komisaris Independen : Rozik B. Soetjipto : Independent Commissioners Amir Sambodo ^**)

Direktur Utama : Dato’ Dr. Low Tuck Kwong : President Director

Direktur : Lim Chai Hock : Directors

Jenny Quantero Low Yi Ngo Alastair McLeod Russell John Neil Hyun Kook Kim Susunan Komite Audit Perusahaan pada tanggal 31 Desember 2020 adalah sebagai berikut:

The composition of the Company’s Audit Committee as at 31 December 2020 was as follows:

Ketua : Rozik B. Soetjipto : Chairman

Anggota : Abdurrohman M. Sastra : Members

Kanaka Puradiredja Harry Suharsono R.^*) Susunan Komite Audit Perusahaan pada tanggal

31 Desember 2019 adalah sebagai berikut:

The composition of the Company’s Audit Committee as at 31 December 2019 was as follows:

Ketua : Rozik B. Soetjipto : Chairman

Anggota : Abdurrohman M. Sastra : Members

Kanaka Puradiredja Amir Sambodo ^**)

*) meninggal dunia pada bulan November 2020 *) passed away in November 2020

**) meninggal dunia pada bulan Maret 2020 **) passed away in March 2020

Perusahaan mempunyai entitas anak langsung atau tidak langsung sebagai berikut:

The Company has either direct or indirect subsidiaries as follows:

Mulai Jumlah aset

beroperasi sebelum

komersial/ Persentase eliminasi/

Aktivitas bisnis/ Commencement kepemilikan/ Total assets Entitas anak/ Lokasi/ Business of commercial Percentage of before Subsidiaries Location activities operations ownership elimination

2020 2019 2020 2019

Kepemilikan langsung/Direct ownership

PT Dermaga Jakarta Jasa bongkar 1995 87.40 87.40 89,005,372 85,556,996

Perkasapratama muat batubara/

(“DPP”) Coal handling

services

PT Indonesia Jakarta Perdagangan dan 2005 100 100 164,161,442 142,001,072

Pratama (“IP”) jasa kontraktor

pertambangan/

Trading and mining contractor services

PT Perkasa Jakarta Pertambangan 2007 100 100 42,957,430 40,493,355

Inakakerta batubara/

(“PIK”) Coal mining

PT Wahana Jakarta Pertambangan 2008 100 100 78,218,212 84,955,626

Baratama batubara/

Mining (“WBM”) Coal mining

(14)

tidak langsung sebagai berikut (lanjutan): as follows (continued):

2020 2019 2020 2019

Kepemilikan langsung/Direct ownership (lanjutan/continued)

PT Bayan Energy Jakarta Pertambangan, 2005 99.99 99.99 111,982,348 89,823,190

(“BE”) pengangkutan

dan konstruksi/

Mining,

transportation and construction

PT Firman Ketaun Jakarta Pertambangan 2008 100 100 87,289,307 79,714,512 Perkasa (“FKP”) batubara/

Coal mining

PT Teguh Jakarta Pertambangan 2007 100 100 50,465,571 73,409,835

Sinarabadi batubara/

(“TSA”) Coal mining

PT Metalindo Jakarta Perusahaan 2000 95.2 95.2 397,171 397,671

Prosestama investasi/

(“MP”) Holding

company

PT Fajar Sakti Jakarta Pertambangan 2005 90 90 109,601,519 76,517,535

Prima (“FSP”) batubara/

Coal mining

PT Bara Tabang Kalimantan Pertambangan 2009 90 90 349,080,951 276,250,201

(“BT”) Timur/East batubara/

Kalimantan Coal mining

PT Brian Anjat Kalimantan Pertambangan - 100 100 2,590,442 1,612,570

Sentosa (“BAS”) Timur/East batubara/

Kalimantan Coal mining

PT Muji Lines Jakarta Perkapalan/ 2007 100 100 58,372,256 66,984,965

(“ML”) Shipping

Kangaroo Australia Perusahaan - 100 100 367,362,673 363,654,386

Resources investasi/

Pty. Ltd. (“KRL”) Holding

Company

Kepemilikan tidak langsung melalui MP/Indirect ownership through MP

PT Gunungbayan Jakarta Pertambangan 1999 92.7 92.7 14,847,756 30,902,296

Pratamacoal batubara/

(“GBP”) Coal mining

Kepemilikan tidak langsung melalui KRL/Indirect ownership through KRL

PT Sumber Aset Jakarta Jasa kontraktor - 100 100 - 18,063

Utama (“SAU”) pertambangan,

pembangunan,

pengangkutan,

dan perdagangan/

Mining contractor

service,

construction,

transportation

and trading

PT Dermaga Jakarta Pertambangan - 99 99 23,089 28,883

Energi batubara/

(“DE”) Coal mining

PT Tanur Jaya Jakarta Pertambangan - 99.99 99.99 4,548,841 170,009

(“TJ”) batubara/

Coal mining

(15)

1. UMUM (lanjutan) 1. GENERAL (continued) Perusahaan mempunyai entitas anak langsung atau

tidak langsung sebagai berikut (lanjutan):

The Company has either direct or indirect subsidiaries as follows (continued):

2020 2019 2020 2019

Kepemilikan tidak langsung melalui KRL/Indirect ownership through KRL (lanjutan/continued)

PT Silau Jakarta Pertambangan - 99 99 910,318 397,917

Kencana (“SK”) batubara/

Coal mining

PT Orkida Jakarta Pertambangan - 99 99 20,549 50,203

Makmur (“OM”) batubara/

Coal mining

PT Sumber Api Jakarta Pertambangan - 99 99 369,720 369,862

(“SA”) batubara/

Coal mining

PT Tiwa Abadi Jakarta Pertambangan - 99.99 99.99 9,114,523 6,141,488

(“TA”) batubara/

Coal mining

PT Karsa Optima Jakarta Perusahaan 2007 100 100 1,710 1,236

Jaya (“KOJ”) investasi/

Holding

company

PT Mahakam Jakarta Pertambangan - 99.99 99.99 4,893 4,200

Energi Lestari batubara/

(“MEL”) Coal mining

PT Mahakam Jakarta Pertambangan - 99.99 99.99 707 692

Bara Energi batubara/

(“MBE”) Coal mining

PT Mamahak Jakarta Pertambangan 2010 99.99 99.99 529,702 336,025

Coal Mining batubara/

(“MCM”) Coal mining

PT Bara Karsa Jakarta Pertambangan - 99.99 99.99 3,543 3,265

Lestari (“BKL”) batubara/

Coal mining

PT Apira Utama Jakarta Pertambangan - 99.99 99.99 2,713 3,610

(“AU”) batubara/

Coal mining

PT Bara Sejati Jakarta Pertambangan 2008 99.99 99.99 393,162 390,602

(“BS”) batubara/

Coal mining

PT Cahaya Alam Jakarta Pertambangan - 99.99 99.99 231,018 261,620

(“CA”) batubara/

Coal mining

Di samping itu, Kangaroo Minerals Pty. Ltd. (“KM AUS”), SGQ Batubara Pte. Ltd., dan SGQ Singapore Investment Company Pte. Ltd. merupakan entitas tidak aktif yang dimiliki secara tidak langsung melalui KRL.

In addition, Kangaroo Minerals Pty. Ltd. (“KM AUS”), SGQ Batubara Pte. Ltd., and SGQ Singapore Investment Company Pte. Ltd. are entities indirectly held through KRL, which are dormant.

Dalam laporan keuangan konsolidasian ini, Perusahaan dan entitas anaknya secara bersama- sama disebut sebagai “Grup”.

In these consolidated financial statements, the Company and its subsidiaries are collectively referred to as the “Group”.

(16)

Kegiatan pertambangan atau eksplorasi BAS, BT, FSP, TA, DE, AU, BS, CA, SK, SA, TJ, OM, MCM, MBE, MEL dan BKL pada awalnya diatur dalam Kuasa Pertambangan (“KP”) yang dikeluarkan oleh Kabupaten Kutai Kartanegara. Seluruh perusahaan tersebut telah mendapatkan Izin Usaha Pertambangan (“IUP”) sebagaimana diatur dalam peraturan pelaksanaan Undang-Undang Pertambangan No. 4/2009 mengenai Pertambangan Mineral dan Batubara (lihat Catatan 31p). Kegiatan pertambangan GBP diatur dalam Perjanjian Kerjasama Pengusahaan Pertambangan Batubara (“PKP2B”) generasi kedua dan PIK, WBM, FKP dan TSA dalam PKP2B generasi ketiga dengan Pemerintah Republik Indonesia. Lihat Catatan 31p untuk status amandemen PKP2B tersebut.

The mining or exploration activities of BAS, BT, FSP, TA, DE, AU, BS, CA, SK, SA, TJ, OM, MCM, MBE, MEL and BKL commenced under Mining Rights issued by the Regency of Kutai Kartanegara. All the entities referred to above have received Mining Business Licences (“IUP”) as required by the implementing regulations for Mining Law No. 4/2009 on Mineral and Coal Mining (refer to Note 31p). The mining activities of GBP are governed by a second generation Coal Contract of Work (“CCoW”) and PIK, WBM, FKP and TSA by third generation CCoWs with the Government of the Republic of Indonesia. Refer to Note 31p for the amendment status of these CCoWs.

Perpajakan PKP2B generasi ketiga Taxation for third generation CCoWs Dalam hal pemenuhan kewajiban pajak-pajak dan

kewajiban keuangan lainnya, entitas anak pemegang PKP2B generasi ketiga mengikuti ketentuan sebagaimana diatur dalam PKP2B.

As regards to the fulfillment of taxes payable and other financial obligations, the subsidiaries holding the third generation CCoWs are in compliance with the regulations which are governed by the related CCoWs.

2. KEBIJAKAN AKUNTANSI YANG SIGNIFIKAN 2. SIGNIFICANT ACCOUNTING POLICIES Laporan keuangan konsolidasian Grup telah disusun

dan diselesaikan oleh Direksi dan diotorisasi untuk diterbitkan pada tanggal 30 Maret 2021.

The Group’s consolidated financial statements were prepared and finalised by the Board of Directors and authorised for issuance on 30 March 2021.

Laporan keuangan konsolidasian ini telah disusun sesuai dengan Standar Akuntansi Keuangan di Indonesia, yang mencakup Pernyataan Standar Akuntansi Keuangan (“PSAK”) dan Interpretasi Standar Akuntansi Keuangan (“ISAK”) dan Peraturan- Peraturan serta Pedoman Penyajian dan Pengungkapan Laporan Keuangan yang diterbitkan oleh Otoritas Jasa Keuangan (“OJK”).

The consolidated financial statements have been prepared in accordance with Indonesian Financial Accounting Standards, including Statements of Financial Accounting Standards (“SFAS”) and Interpretations of Financial Accounting Standards (“IFAS”) and the Regulations and Guidelines on Financial Statement Presentation and Disclosures issued by the Indonesian Financial Services Authority (“OJK”).

a. Dasar penyusunan laporan keuangan konsolidasian

a. Basis of preparation of the consolidated financial statements

Laporan keuangan konsolidasian disusun berdasarkan konsep harga perolehan, yang dimodifikasi oleh aset dan liabilitas keuangan (termasuk instrumen derivatif) diukur pada nilai wajar melalui laba rugi, serta menggunakan dasar akrual kecuali untuk laporan arus kas konsolidasian.

The consolidated financial statements have been prepared under the historical cost concept, as modified by financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss, and using the accruals basis except for the consolidated statements of cash flows.